“This is only for bigger companies. Majority of companies will have no interest, late fee or penalty,” DIVYESH JAIN (Querist) Follow 15 June 2020 Sir,Does that mean even if I file GSTR-3B and GSTR-1(quarterly) returns after 30th June, 2020 for businesses having turnover of less ...
It is a challan which can be used to shift amount of tax, interest, penalty, etc. that is available in the electronic cash ledger to any other tax head, cess, interest, penalty, etc. All the registered taxpayers are eligible to file PMT-09 for shifting the balance available in Electronic...
5000/-, from the due date to the date when GST forms, GSTR 1 GSTR 3B GSTR 4 GSTR 5 GSTR 6 GSTR 9 are actually filed. Recommended – Due Dates of GST Payment Along with Penalty Charges on Late Payment GST Return Forms in Brief with Due Dates GSTR 1 – The form is associated...
Penalty Norms When You Miss the Due Date of GSTR-9 Filing As per the penalty provisions for the GSTR-9 annual return form, the taxpayer is required to pay a penalty of Rs. 200 per day, with Rs. 100 being for SGST and Rs. 100 for CGST. For turnover exceeding Rs. 20 crore, the...
Krishna (Fictional Character):Arjuna, it is very well said that- "a stitch in time saves nine". The same goes with the furnishing of GSTR-1. Furnishing of GSTR-1 within the specified due date can save the taxpayer from many further consequences. The GST department has introduced a QRMP...
GSTR-3B Due Date GSTR-3B penalty GSTR-3B Format How to file GSTR-3B Special Scenarios in GSTR-3B Making Payment for GSTR-3B Filing Form GSTR-3B What is GSTR 3B? Form GSTR-3B consists of summarized details of supplies made during the month along with the details of paid taxes, ...
If any businesses fail to file the return, they will be entitled to pay the interest and the penalty. The process to file the GSTR-3B has been simplified by the Government of India and made user-friendly. The due date of GSTR-3B filing falls on every 20th of the subsequent month ...
Enter the tax payable for “integrated tax, central tax, state/UT tax, cess, interest, late fees, penalty and others. Details of tax paid as declared in returns filed during the financial year in Form GSTR-9 Click the “save” button. A confirmation message would be displayed saying, “...
Refund claimed from Electronic cash ledger:Any refund of excess taxes paid can be claimed here. The refund has to be further segregated into tax, interest, penalty, fees, and others. If in case the tax liability of the composition dealer is below than the TDS deducted, one can get a refu...
When it does not get furnished via the supplier the input is claimed through the recipient would get reversed with the interest and penalty.